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Donald Trump Raises More Campaign Cash Than Joe Biden in Second Quarter
The 2020 US presidential election is heating up, and the fundraising landscape is taking a dramatic turn. According to a recent analysis of federal campaign data, Donald Trump has raised more money than Joe Biden in the second quarter of 2024.
Trump’s Surge in Fundraising
Trump-aligned fundraising groups brought in a whopping $431.2 million between April and June, exceeding pro-Biden groups by $98.9 million. This significant gap in fundraising is a major turning point in the election season, highlighting the former president’s renewed momentum.
Post-Conviction Boost
The May 30 conviction of Donald Trump marked a major turning point in his fundraising efforts. Prior to the conviction, Trump was trailing Biden in fundraising, but the verdict has brought in a surge of donations. The conviction united the Republican party, with many Republicans rallying behind the former president.
Comparing Fundraising
Trump’s fundraising efforts have more than tripled in the second quarter compared to the first quarter, when Biden groups raised about $49 million more. In comparison to the second quarter of 2020, Trump’s groups have more than doubled their fundraising efforts.
Biden’s Fundraising Struggles
Joe Biden’s fundraising efforts have faced challenges, particularly after the June 27 presidential debate. The debate raised concerns about Biden’s age and cognitive ability, leading to worries about his ability to campaign effectively. Despite this, Biden’s campaign has $281 million on hand, with Trump’s campaign holding $336.2 million.
Spending and Ads
Trump’s campaign has spent $85.5 million on legal fees, about 26.4% of all money spent. In contrast, Biden’s campaign has spent a smaller percentage of its funds on legal fees. Pro-Trump groups are also spending millions more per week on ads than pro-Biden groups from now until August.
Pro-Trump Ads
Two super-political action committees, Make America Great Again Inc and Preserve America, have booked ads in key battleground states, including Pennsylvania, Georgia, Arizona, Michigan, and Wisconsin. These ads are expected to air throughout the summer months.
Pro-Biden Ads
Future Forward, the pro-Biden super PAC, has booked $130 million in ads starting in late August and running until Election Day on November 5.
Conclusion
The fundraising landscape of the 2020 US presidential election has taken a dramatic turn, with Donald Trump’s campaign experiencing a surge in donations. While Joe Biden’s campaign has faced challenges, including fundraising struggles and concerns about his ability to campaign effectively, Trump’s campaign remains well-funded and prepared for the election season.
FAQs
Q: Why did Trump’s fundraising efforts increase after his conviction?
A: The conviction united the Republican party, with many Republicans rallying behind the former president.
Q: What is the significance of Trump’s fundraising efforts?
A: Trump’s fundraising efforts have given him a significant advantage over Biden’s campaign, allowing him to spend more on ads and legal fees.
Q: How much has Biden’s campaign spent on legal fees?
A: Biden’s campaign has spent a smaller percentage of its funds on legal fees compared to Trump’s campaign.
Q: What are the implications of Trump’s pro-Biden fundraising efforts?
A: Trump’s fundraising efforts will likely continue to boost his campaign’s visibility and allow him to spend more on ads and other campaign expenses.
Q: How much money does Trump’s campaign have on hand?
A: Trump’s campaign has $336.2 million on hand, while Biden’s campaign has $281 million.
Q: What are the implications of Biden’s fundraising struggles?
A: Biden’s fundraising struggles may indicate a lack of enthusiasm among his supporters, which could negatively impact his campaign.
Author: www.ft.com
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